Record shipping costs add to automotive supply chain woes
A stagnating vessel fleet alongside a steady recovery in demand since the nadir of Covid-19 has now spurred record rates for ships that each carry as many as 6,500 cars across the globe.
A stagnating vessel fleet alongside a steady recovery in demand since the nadir of Covid-19 has now spurred record rates for ships that each carry as many as 6,500 cars across the globe.
The EX90 full-electric premium large SUV will replace XC90 as Volvo’s flagship.
Through independent licensing marketplace Avanci, carmakers gain access to patents for 2G, 3G and 4G technology from the likes of Finland’s Nokia, Sweden’s Ericcson and Taiwan’s Acer for everything from navigation systems to sensors for automated driving.
The latest projection from BloombergNEF puts the U.S. on track to hit a key target set by Biden last year, for half of all cars sold in the U.S. to be battery-electric, plug-in hybrid or fuel cell-powered by the end of the decade.
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